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            october 22, 2019

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Busworld 2019

CIBE 2019

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Korean ports up 11.2pc


Container traffic in South Korea hit record highs of over 21.54 million TEU, an 11.2 per cent increase on 2010's 19.36 million TEU of which its port of Busan led with 16.14 million TEU.
The biggest boost in cargo was in coastal shipping at 23.9 per cent growth to 468,000 TEU attributed to government subsidies creating a shift from road to short sea shipping (SSS). Transshipments made double digit gains of 16.4 per cent from 2010 at 7.773 million.
Import and export containers were up eight per cent from a year earlier at 13.340 million TEU, according to Japan International Freight Forwarders Association (JIFFA).
The port at Kwangyang experienced a slight decline in container throughput at 1.1 per cent to 2.064 million TEU with Incheon up by 4.2 per cent to 1.917 million TEU.

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